European Parliament Library

Republic of Congo :, 2013 Article IV Consultation

Abstract
This paper assesses the Republic of Congo’s discussions in 2013 Article IV Consultation. Though having abundance of natural resources, notably oil and iron ore, Congo has achieved limited progress in poverty alleviation, and remains vulnerable to external shocks. Weak governance and business conditions are significant constraints to private sector development and growth inclusiveness. The IMF report shows that Congo’s main challenge is to ensure long-term macroeconomic stability in the face of oil revenue volatility and exhaustibility, and to make growth more inclusive
Table Of Contents
Cover; CONTENTS; BACKGROUND: GENEROUS RESOURCES ENDOWMENT, BUT LIMITED POVERTY REDUCTION; RECENT DEVELOPMENTS AND SHORT-TERM ECONOMIC PROSPECTS; MEDIUM-TERM OUTLOOK AND RISKS: BUILDING UP ADDITIONAL BUFFERS AGAINST PERSISTENT VULNERABILITIES; FIGURES; 1. Oil and Agricultural Sector: Current Situation, Prospects, and Potentials; BOX; 1. Mining Sector: Potential Waiting to be Unlocked; POLICY DISCUSSIONS; A. Securing Long-Term Fiscal Sustainability; B. Addressing Vulnerabilities to External Shocks; C. Enhancing External Sustainability and Competitiveness; 2. Vulnerability to External Shocks
Language
eng
Literary Form
non fiction
Note
"September 2013."
Physical Description
1 online resource (77 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475524451

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